What was the conflict with jamie Gold?

[chr147]

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Gold tried to get a free seat from Bodog at the WSOP for a "friend". Since that didn't work, he wanted to make the guy feel better and promised him to share the winnings from his seat.

After he won, the guy sued him for 6 million.

I don't know the verdict, but I assume the US comedy court went crazy like usual. In Europe, where we have reasonable rulings on such issues, the guy would have gotten half of the expected value from that seat at best. Judging Gold's skill, it amounts to something like $3,75 before taxes.

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I don't believe any court would base a ruling on expected value after the event played out. If Gold had busted out, would the other guy have a case that Gold owed him $5K? Of course not.

The "expected value" is now $6 million with zero variance.

You have the facts wrong too. Have you listened to the telephone recording?

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hmmm...it's half the WINNINGS, not the BUY-IN. If he busted out early, his winnings would be zero, not 5K. He won 12 million, so half of 12 million is 6 million.

I know math can be tricky